Even a completed private credit checker entry is still an exclusion criterion for many banks for lending. It can therefore be difficult to get a loan despite a completed private credit checker entry. For this reason, it is advisable, should the situation arise that legitimate claims have not been paid despite multiple reminders, nevertheless to be settled within a month, at least if the claims amount to up to USD 1,000.
In this case there is the possibility that the private credit checker entry will be deleted prematurely under certain conditions. Normally, a private credit checker entry is only deleted after three years, which, as mentioned above, can lead to difficulties in granting loans. If there is no possibility of early deletion, there are still other alternatives to get a loan despite private credit checker entry being completed.
Foreign online loan brokers
This option can be a good alternative to get a loan despite private credit checker entry being completed. As a borrower, you have the protected and therefore anonymous framework of the Internet on the one hand, and on the other hand, the foreign financial institutions are not subject to as strict guidelines as the banks and it is therefore also possible to get a loan without private credit checker. In addition, a loan request is usually free of charge and also processed promptly, i.e. in about two working days. In addition, these credit brokers place more value on the income situation of the borrowers when making their decisions in relation to the financial institutions.
The company my kredit does not make a private credit checker request for a loan with a private credit checker entry up to a loan amount of 3,000 USD. The interest rate on a loan starts at 4.9 percent and increases according to the term and the amount of the loan applied for.
The company also offers loans without private credit checker with an effective annual interest rate of 4.9 to 16.9 percent, depending on the loan amount and the term of the loan despite the private credit checker entry being completed.
The credit exchanges trucredit and centiloan may also be a good alternative for a loan despite private credit checker entry being completed, since the loans are granted by private individuals who are often interested in the borrower’s financial situation and his social background. Whereby centiloan is definitely the cheaper option when making a loan request, because trucredit creates various chargeable certificates regarding the creditworthiness of the borrower before a loan approval. At centiloan, the annual percentage rate for a loan starts at 4.85 percent.